Chapter 1 Introduction to International Trade1. Concept of international trade
2. Purposes of international trade
3. Characteristics of international trade
4. Risks in international trade
Chapter 2 International Trade Contracts
1. Concept of a contract 2. Formation of a contract
3. Performance of a contract
Chapter 3 Documents for International Trade
1. Introduction 2. Commercial documents
3. Financial documents
Chapter 4 Overview of Payment Methods
1. Introduction 2. Basic types of payment method
Chapter 5 Payment in Advance (Cash in Advance)
1. Introduction
2. Operation of a payment in advance 3. Advantages/disadvantages
Chapter 6 Open Account
1. Introduction
2. Operation of an open account
3. Features and advantages/disadvantages
Chapter 7 Documentary Collection
1. Introduction
2. Operation of a documentary collection
3. Features and advantages/disadvantages
4. The Uniform Rules for Collections
Chapter 8 Documentary Credits
1. Introduction
2. Operation of a documentary credit
3. Various types of a credit
4. Independence principle and fraud exception 5. Issuing a documentary credit through SWIFT
Chapter 9 UCP and L/C Examples
1. UCP
2. Examples of L/C
Chapter 10 Other Payment Methods 1. Bank payment obligation (BPO)
2. Consignment 3. Netting
Chapter 11 Independent Guarantee (demand guarantee, standby L/C)
1. Introduction
2. Types of independent guarantees 3. Independence principle and fraud exception
Chapter 12 Trade Finance for International Sale of Goods
1. Introduction
2. Export working capital financing (for pre-shipment)
3. Negotiation (or purchase) of bills of exchange
4. Export factoring (International factoring)
5. International forfaiting
Chapter 13 Financing an Overseas Construction
1. Introduction
2. Supplier credit and buyer credit
3 Project finance
4 Syndicated loans
Chapter 14 Export Credit Insurance or Guarantee
1. Introduction
2. Main types of export credit insurance or guarantee
About the Author: Sang Man Kim is a Professor of International Trade, in South Korea. He is also an attorney at law (New York, USA), and an arbitrator and mediator at the Korean Commercial Arbitration Board. In his former role as a Deputy Director at the Korea Trade Insurance Corporation (a Korean Government-owned official export credit agency), Professor Kim worked as an underwriter and legal consultant for Korean international trade for a period of 15 years (1995-2010).
Professor Kim holds a B.A. in Law and an M.D. in International Business Transactions Law and a Ph.D. in Commercial Law from Korea University. He also holds an LL.M. (M.D.) from the University of Minnesota Law School.
Over the past 25 years, Professor Kim has practiced and researched international trade and has published over 80 articles and 11 books on the topic.